SouthGobi Resources Ltd. dismissed chief executive officer Alexander Molyneux just more than a week after Aluminium Corp. of China Ltd. (Chalco) dropped a $926-million (U.S.) bid for the company that strained its relationship with the Mongolian government.

The coal miner named Ross Tromans, who was general manager marketing at Rio Tinto Coal Australia, as its new CEO.

Miners march against Andrew Saffy Memorial Hospital discharging injured colleagues into police custody in Lonmin Platinum Mine near Rustenburg, South Africa, Tuesday, Sept. 11, 2012. Union rivalry is at the root of violent illegal strikes that have been troubling the mining industry that is the engine driving Africa's largest economy
AP Photo

Mining

Labour

SouthGobi’s majority shareholder, Turquoise Hill Resources Ltd., formerly Ivanhoe Mines Ltd., is majority-owned by Rio Tinto and five directors with links to Rio joined the board in a shakeup a day after the Chalco deal collapsed.

SouthGobi, which is listed in Toronto and Hong Kong, did not give any reason for the termination of Mr. Molyneux, who had been at the helm since October, 2009. The company could not be immediately reached for comment.

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